Analyst: Wii Fit to increase demand for Wii hardware

One analyst has gone on record as saying that Wii Fit will cause a significant …

Market analyst Michael Pachter has said that he believes the upcoming May release of Wii Fit will reinvigorate demand for Wii hardware. "We believe that Nintendo of America intends to support the Wii Fit launch with the biggest marketing campaign in its history," Pachter said, "and believe that the increased buzz will drive increased demand for the already difficult to find Wii hardware."

According to Pachter, his company, Wedbush Morgan, has a much more positive outlook for Nintendo after its recent media summit. In addition to Wii Fit, Pachter believes that games like Mario Kart Wii and Pokemon Mystery Dungeon have "the potential for significant revenue contribution."

Pachter says that due to this increased confidence in Nintendo, Wedbush Morgan is raising its revenue forecast for fiscal 2009 to $17 billion, up from the original estimate of $14.5 billion. While all analyst predictions should be taken with a grain of salt, keep in mind that Pachter has a fairly solid track record when it comes to these sorts of projections.